The Best Credit Card in Canada (2025) – Here’s What I Use

If you’ve ever found yourself overwhelmed by all the credit card options out there, you’re definitely not alone. In fact, one of the most common questions I get from Canadian readers is:

“What’s the best credit card in Canada right now?”

With dozens of rewards programs, annual fees, and benefits to consider, choosing the right credit card can feel like a full-time job. I’ve tested several cards over the years, and today I’m breaking down the top options based on rewards, perks, and real-life value.

Why Choosing the Right Credit Card Matters

Credit cards aren’t just tools for spending—they can help you save money, build credit, and even earn travel rewards or cashback on things you’re already buying.

But if you’re using the wrong card, you might be missing out on hundreds (or even thousands) of dollars in rewards every year.

What Makes a Credit Card the “Best” in Canada?

Before we dive into my top picks, here are the key factors I look at when choosing the best credit card in Canada:

• No foreign transaction fees

• High cashback or travel rewards

• Low annual fee (or worth it for the benefits)

• Great welcome bonus

• Helps build your credit score

I also always consider how the rewards are earned—some cards are great for groceries, others for travel or gas.

My Top Pick: American Express Cobalt Card

I’ve used a lot of cards, but in 2025, the American Express Cobalt Card is still my #1 recommendation for most Canadians.

 

Why I Love It:

• Up to 5x the points on food and drinks (yes, even takeout and delivery!)

• Great for travel—points are easily transferable to Aeroplan and Marriott Bonvoy

• Flexible rewards: use points for flights, hotels, or even a statement credit

• Earn up to 15,000 bonus points in the first year (valued at ~$150)

Bonus Tip: Even though it’s an Amex, I’ve found it accepted at more places than you’d think in Canada.

Best No-Fee Credit Card in Canada: Tangerine Money-Back Credit Card

If you’re just starting out or don’t want to pay an annual fee, the Tangerine Money-Back Credit Card is a solid choice.

Features:

• Choose 2–3 categories (like groceries, gas, or recurring bills) to earn 2% cashback

• No annual fee

• Cashback is deposited monthly, not yearly

• You can track everything right from the Tangerine app

This is perfect if you’re looking for simplicity and solid returns without worrying about fees.

Best Travel Rewards Card: Scotiabank Gold American Express

For frequent travelers or digital nomads, I highly recommend the Scotiabank Gold Amex.

Why It’s Great for Travel:

• No foreign transaction fees (rare in Canada!)

• 5x points on groceries, dining, and entertainment

• Access to Scene+ travel rewards, and often a bonus of 20,000–30,000 points

• Strong insurance coverage for travel, rentals, and more

This card has saved me hundreds on foreign currency fees alone when traveling abroad.

Smart Tips for Getting the Most from Your Credit Card

Regardless of which one you choose, here’s how to truly benefit from the best credit card in Canada:

1. Always pay off your balance in full – interest charges wipe out rewards.

2. Set up automatic payments to avoid missing due dates.

3. Stack your rewards with cashback apps like Rakuten or loyalty programs like PC Optimum.

4. Review your statement regularly to make sure you’re using the card in your top reward categories.

My Personal Credit Card Strategy

Right now, I use a combination of the Amex Cobalt for food and travel rewards, and a Tangerine Mastercard for utilities and recurring bills. This combo gives me max rewards on almost every dollar I spend, and I’ve redeemed over $1,000 in travel and cashback in the past year alone.

Final Thoughts: The Best Credit Card in Canada Is…

…the one that fits your lifestyle. Whether you want travel perks, cashback, or just a way to build credit, there’s a card for you.

Here’s a quick recap:

Ready to Apply?

Here are the official links to apply for these cards:

• Apply for the Amex Cobalt Card

• Apply for Tangerine Money-Back Card

• Apply for Scotiabank Gold Amex

If you have any questions about credit cards in Canada—or want help choosing one based on your spending—I’d love to hear from you in the comments.

Let’s make your money work for you!